Just a moment...

Top
Help
Upgrade to AI Search

We've upgraded AI Search on TaxTMI with two powerful modes:

1. Basic
Quick overview summary answering your query with referencesCategory-wise results to explore all relevant documents on TaxTMI

2. Advanced
• Includes everything in Basic
Detailed report covering:
     -   Overview Summary
     -   Governing Provisions [Acts, Notifications, Circulars]
     -   Relevant Case Laws
     -   Tariff / Classification / HSN
     -   Expert views from TaxTMI
     -   Practical Guidance with immediate steps and dispute strategy

• Also highlights how each document is relevant to your query, helping you quickly understand key insights without reading the full text.Help Us Improve - by giving the rating with each AI Result:

Explore AI Search

Powered by Weblekha - Building Scalable Websites

×

By creating an account you can:

Logo TaxTMI
>
Call Us / Help / Feedback

Contact Us At :

E-mail: [email protected]

Call / WhatsApp at: +91 99117 96707

For more information, Check Contact Us

FAQs :

To know Frequently Asked Questions, Check FAQs

Most Asked Video Tutorials :

For more tutorials, Check Video Tutorials

Submit Feedback/Suggestion :

Email :
Please provide your email address so we can follow up on your feedback.
Category :
Description :
Min 15 characters0/2000
TMI Blog
Home / RSS

Procedure to be followed in the cases of availing the facility of warehousing under section 49 of the Customs Act

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....s Act, 1962 provides the facility of storing goods in a warehouse pending clearance in case where goods cannot be cleared within a reasonable time. Generally, this option is utilised by the importers by submitting their requests to the Deputy/Assistant Commissioner of Customs (Appraising Group) with reasons for opting Section 49 facility of warehousing. Such warehousing permission for storing the goods is normally upto 30 days. However, it has been observed that in many cases the importers are not approaching to customs for an extension of time -period even after the lapse of the 30 days as envisaged under section 49 of the Customs Act, 1962 and such warehoused goods beyond permissible period of storage remain unmonitored. The storage of su....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....amined prior, then the goods shall be 100% examined by import shed after automated examination scheduling and discrepancy if any, shall be informed to concerned Appraising Group. The Deputy/Assistant Commissioner of Customs (Import Shed) will then issued manual gate pass for movement of goods form shed to warehouse over ECTS. iv. The Deputy/Assistant Commissioner of Customs(Import Shed) shall depute one officer to maintain a record in 'section 49 Register, in the format(as Annexure-A) for all goods given approval under Section 49, so that such approvals can be monitored as per specified timeline and inform concerned Appraising Groups of non -extension of the time period after the lapse of permissible period of storage so that necessary ac....